Date: 19.01.2017.

The new term "retirement economy", as no other one, characterises realities not only of the modern labour market, but also of the world economy. The adverse demographic situation in the Baltic States allow speaking about the inability of the present retirement system for future pensioners. Besides low birth rate it is necessary to mention substantial out-migration of able-bodied population to other countries with good working opportunities. The adverse demographic situation and labour migration are the basis of pessimism and non-confidence of the population, especially of the youth, in the state retirement system.

On 14 January an extended session of the Cabinet of Ministers, dedicated to comprehensive analysis of the results of social-economic development of the country in 2016 and determining the most important directions and priorities of economic and social program of the government in 2017 was held in Tashkent.

The American Chamber of Commerce (AmCham) together with Stockholm School of Economics in Riga held a seminar in the AmCham Outlook series to discuss the shadow economy and its impact on Latvia’s business environment on January 18 at the Stockholm School of Economics in Riga, AmCham representatives informs BC.

Morocco might be interested in the knowhow of oil shale studies and services of the Estonian state-owned energy company Eesti Energia, and it is possible that the company would also sell the Enefit technology to the country to process oil shale, reports LETA/BNS.

EU economy’s future: slow but positive growthGrowth in all EU states will continue in 2019-20, though at a slower pace than before. The largest EU’s economies will grow at around 1,5-1,7%, mostly in Poland, Spain and Holland. The Baltic States’ growth will continue to be on the positive trend.